Europe’s Morning MoneyBeat: China PMI Could Make Life Tough at the Open

‘Caution’ appears to be the watchword as the last full trading week before the holiday break kicks off.

That might have been the case anyway, given that we’re all waiting for Wednesday. That’s when the Fed will give us its final policy decision for the year, with the odds apparently shortening that its $85 billion monthly asset-purchase scheme could at last be pared back a little.

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